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...criticism Hallmark moment—but it plays into Wood’s theory of fiction.If, as Wood suggests, fiction is a space between mimicry and invention, a “house,” then its creation depends on the writer’s ability to construct a framework in which truth or “lifeness” can occur. With his “Godlike powers of omniscience,” the novelist is able to outwit convention and makes his work approach the truth. The truth can come out in surprising metaphors—the French...

Author: By Madeleine M. Schwartz, CONTRIBUTING WRITER | Title: 'How Fiction Works' Works Just Fine, Thank You | 10/9/2008 | See Source »

...novel, confessing his failure ever to be anything but a rambunctious reprobate and Byronic sinner, he...resigned as the hero of the books which had given him life...This character who had been my dark search engine for twenty-seven years would never speak in the old framework again...

Author: /time Magazine | Title: Anne Rice's Spiritual Confession | 10/8/2008 | See Source »

...result was a parallel system almost as big as the banking system that had none of its post-Depression stabilizing pillars: no deposit insurance, no access to the lender of last resort, no resolution regime and only a patchworky, inadequate framework of restraints for risk-taking. In the old system, Americans' deposits in regular banks financed the system. In the shadow banking system, Americans' deposits in money market funds provided the asset anchor. As AIG teetered on the brink in mid-September, a run began by institutional investors on the money market funds...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...growing demand for energy. But this does not excuse the fact that in adopting the treaty, the United States has effectively given away the bank. Indeed, numerous non-proliferation experts have criticized the deal both because it lacks safeguards, and because its very adoption undermines the international anti-proliferation framework by giving India an unprecedented exemption...

Author: By Paras D. Bhayani | Title: Playing With Fire | 10/8/2008 | See Source »

...Even more troubling is the fact that the adoption of the deal allows India to bypass the NPT framework, which promises nuclear fuel for electricity generation to nations that do not create weapons programs. Allowing India to have it both ways—to receive the benefits of “peaceful nuclear cooperation” despite the fact that the nation has built weapons—creates a double standard that could ultimately undermine U.S. policy toward nations like Iran, where diplomats have been promising to aid Iran’s civilian nuclear program if the nation abandons...

Author: By Paras D. Bhayani | Title: Playing With Fire | 10/8/2008 | See Source »

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